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Thursday, July 18, 2013

Daily Investor Briefing: Moody's revises U.S. sovereign...

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07/18/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Moody's revises U.S. sovereign outlook to stable from negative
NEW YORK (Reuters) - Moody's Investors Service on Thursday stood down from the possibility of cutting the U.S. sovereign credit rating in coming months, affirming the country's top Aaa rating and noting the resilience of the economy.
Microsoft profit below estimates after tablet charge
SEATTLE (Reuters) - Microsoft Corp on Thursday reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and it took an unexpected $900 million charge for its inventory of unsold Surface tablets.
Dow, S&P 500 end at new highs on earnings, Fed
NEW YORK (Reuters) - The Dow and the S&P 500 ended at record closing highs on Thursday as Morgan Stanley and others reported better-than-expected earnings and Federal Reserve Chairman Ben Bernanke's comments further reassured markets.
Google ad prices decline, shares fall sharply
SAN FRANCISCO (Reuters) - Google Inc on Thursday reported a weakening of prices for its online ads in the second quarter and its shares fell more than 5 percent in after-hours trade.
Exclusive: Pfizer not moving forward with Onyx bid: sources
NEW YORK (Reuters) - Pfizer Inc decided not to pursue a bid for Onyx Pharmaceuticals Inc this week, according to two people familiar with the matter, leaving Amgen Inc in the front position to buy the cancer drugmaker.
Former boss disputes Tourre's description of mortgage deal
NEW YORK (Reuters) - Fabrice Tourre's former boss at Goldman Sachs distanced himself on Thursday from the way Tourre described hedge fund Paulson & Co Inc's role in a 2007 subprime mortgage deal.
Dell postpones meeting on buyout as more votes needed
NEW YORK/ROUND ROCK, Texas (Reuters) - Dell Inc postponed a shareholder vote on its chief executive's $24.4 billion buyout offer to Wednesday after failing to get enough support to seal the deal, despite winning over several large investors at the eleventh hour.
Factory, labor market data offer bright signs for economy
WASHINGTON (Reuters) - New claims for jobless benefits fell last week and factory activity picked up in the Mid-Atlantic region in early July, signs of a stronger economy that could help push the Federal Reserve to ease its monetary stimulus.
Dreamliner fire probe focuses on beacon, Boeing shares rise
LONDON (Reuters) - British regulators investigating the fire on a Boeing 787 Dreamliner identified the plane's emergency locator beacon as a likely source of the blaze and said on Thursday it should be switched off, spurring a rally in shares from relieved investors.
Panasonic, Sanyo, LG Chem in price-fixing plea deals: U.S.
WASHINGTON (Reuters) - Panasonic Corp , its subsidiary Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and notebook computer battery cells, the U.S. Justice Department said on Thursday.
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